FINANCIAL & OPERATIONS MANAGER
Brand Options Advertising LLC / Prodaction creative Advertising LLC
مجموع سنوات الخبرة :19 years, 3 أشهر
Heading Finance, Accounts, Procurement, HR and Operations department
Responsibilities:
• Review/Approve & ensure that the Financials are prepared in accordance With IFRS & applicable policies & procedures.
• Design & Implement the Company’s Accounting Policies & Procedures & Internal Controls covering all Areas of Accounting activities, to ensure the Reliability of the Financial Reporting, effectiveness & efficiency of operations & compliance with Laws & Regulations.
• Prepare projects cash flows & provide the same to the Banks with the other required documents, to ensure the timely availability of the required Facilities for each Project.
• Establish & maintain effective relationships with the different Granting Banks to ensure the availability of the Company’s funded & unfunded financing requirements.
• Manage & Supervise the Annual Budgeting Process in coordination with the different department’s heads, Projects Directors & Project Managers in a detailed basis at the project, department & company Level.
• Review & compare on a monthly basis, the actual results with the approved budget levels, analyse & investigate variations with managers & recommend corrective actions.
• Prepare the cash Flow projections on a monthly, quarterly & annual basis based on the approved Budgets, Payment terms, Project mile stones, Credit Periods extended to the Company & other related Factors.
• Liaison with the other Departments, all Cost Control & Reporting Aspects.
• Manage intercompany transactions with H.O. in UK and work closely with UK Director finance, M.D. & C.E.O.
• Review & Pre approve procurement plan, approved venders list, & payment terms.
• Verify & Pre approve all Service & Purchase Orders & ensure that the proper Process Cycle as per the adopted Company’s policies & procedures has been considered & in line with Approved Budget.
• Managed the finance & accounts department of semi companies assuring on time & accurate maintenance of books of accounts, finalization of accounts and preparation of financial statements.
• Supervised all accounting activities ensuring accounting & reporting compliant with the relevant standards.
• Looked after all financial aspects of projects including estimating material costs & monitoring market fluctuations against standard costs, monthly budgeting of cash flows and optimum utilization of resources.
• Monitored all projects under execution and highlighted areas of concern through monthly variance reports on time, cost, cash flows and material consumption.
• Prepared monthly reports project wise and consolidated covering financial performance, cash flows and budgetary compliance.
• Developed and implemented policies for procurement, inventory control and contract administration to achieve breakeven and minimum profitability objectives.
• Implemented processes for efficient management of accounts receivables and accounts payables assuring verification & payment of suppliers’ bills and invoicing and collection of payments from customers on time.
• Contributed to the development of policies covering human resource management, costing & budgeting and production scheduling.
• Co-ordinated with Ez-business ERP Implementation Consultants for the successful implementation of Oracle ERP Suite in the Organization.
• Drafted and Implemented Financial Operations policies and procedures:
• Management of following four companies’ accounting and finance department in the group - S.S. Lootah Real Estate LLC, S.S. Lootah Contracting Co. LLC (Foundation Division) YSL International L.L.C (Real Estate) & Lootah I.T. Solutions.
• Spearheaded the formulation of the group’s financial & corporate strategies in collaboration with CFO of the group, group controllers, treasurers and the corporate planning department.
• Developed and implemented comprehensive processes and systems for optimizing the capital structure, cash flows, earnings, costs and minimizing exposure to risks.
• Evaluated funding requirements, alternative funding options, and associated risks, developed optimum strategies for the approval of the group’s executive board.
• Developed and implemented financial accounting policies, reporting practices and internal controls meeting the requirements of local & international regulations and standards.
• Analysed all proposals related to financing, third party agreements, legal proceedings and setting up of new businesses protecting the group’s interests.
• Prepared financial models from different attendee point of view.
• Manage all finance & accounting activities of the company contributing to the achievement of corporate business plan objectives. Supervise all financial aspects of projects and monitor the utilization of manpower, materials, vehicles and equipment and ensure remedial measures to eliminate variances. Design, implement and maintain efficient work flow systems, internal controls and reporting protocols to improve performance, productivity and avoid redundant activities.
• Created pre-notification systems for any deviations from budgets with respect to bill of quantity items and individual resource utilization per planned activity which further grouped into BOQ item.
• Prepared RFP for small to medium size projects
• Financial Reporting in Compliance of IFRA/IAS - Preparation of Monthly/Quarterly/Annual reporting of the business performance.
• TAX compliances of various forms of taxes (GST, VAT Corporate and withholding Taxes
• Target Setting/ Budgets/ Forecasts - evaluation/review of budgets & forecasts, and recommend appropriate performance targets for consumption, revenue accordingly and revising calling rates and negotiating cost terms with Telecom operators.
• Benchmarking/ Database - develop and maintain benchmarks/database for revenue/cost KPIs, diagnose gaps and identify areas for operational improvement
• Valuation/ Impairment reviews - develop valuation models; conduct initial feasibility & regular asset impairment reviews for investments
• Investor Relations - assist in the communication of the group’s strategy & business performance, including addressing investors/shareholders views/concerns, and preparation of market/stock exchange disclosures
• Oversee International Group department Opex budget and utilisation
• New regional initiatives & projects to support the business and benchmarking of best practices (e.g. in cost and risk management, treasury)
• Any other adhoc duties as assigned
(AFFILIATED WITH WORLD TOP 20 AUDIT FIRMS NETWORK), Moore Stephens Intl
July 2003 to Mar 2005 AUDIT SUPERVISOR (2 years)
(Reporting to Senior Audit Manager & Audit Partner)
June 2001 to July 2003 ACCA PROFESSIONAL TRAINEE(2 years)
(Reporting to Manager Audit)
Span of control:
6 staff including 3 professional qualified reporting directly
Responsibilities:
Supervising all the phases of statutory audits, audit planning, field work, and audit reporting; preparing reports, and communicating findings and recommendations to line and senior management. Review automated audit work papers prepared by the audit staff to ensure sound audit theory and compliance with the firm’s methodology.
Responsible for supervision, continued professional development initiative and completion of performance evaluations of the team members beings a supervisor.
Ensure that reviews are completed in compliance with the stock exchange’s listing regulations, code of corporate governance, Companies ordinance, I.F.R.S.’s, and I.S.A’s. and other applicable laws.
Planning, supervision and finalization of assignments comprising internal audit, investigation and cost Audit. Due diligence assignment is value addition for me as a key team player.
Audit related tax matters at finalization stage of audit and the company tax history analysis.
Major industries audited
During association with Chartered Accountants firms, main sectors of Industry audited were;
Commercial banks, Investment banks, Leasing, Moradabad and mutual fund, Exchange Companies, Jute products, Cotton, textile, leather garments, Garments, Construction /Contracting, Sugar manufacturing, Gas distribution, Glass manufacturing, Building material processor (marble finishing), European Union funded NGO’s and Projects (IUCN), Surgical instruments/exports/imports, Healthcare, Fruit processing, Education, Cooperative Societies, Social sector (NGOs etc.), International food chain & Others.
Chartered Accountant
Marks obtained 61 %